How will blockchain technology help fight climate change? Experts answer
Here’s what experts on emerging tech think about the role of blockchain in achieving more sustainability and lessening the climate crisis. Go to Source Powered by WPeMatico
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Hashrate Follows Price: Bitcoin Hashrate Jumps 92% in 2 Months, Difficulty Expected to Increase in 4 Days
Bitcoin prices have improved a great deal in recent times and the network’s hashrate remains higher than it was 67 days ago when it tapped a low of 69 exahash on June 28. Today, statistics show Bitcoin’s hashrate has increased more than 92% since then and the network is due for another increased difficulty change … Read more
Kaspersky ranks cryptojackers among top malware threats in Africa
Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges. Go to Source Powered by WPeMatico
Cheap Power Brings Bitcoin Mining Boom to Venezuela as Country Moves Toward Digital Economy
The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious Bitcoin. In other … Read more
Illegal crypto mining not the cause of power shortages in Iran, ministry says
Iran’s Ministry of Industry, Mine and Trade questioned Tavanir’s claims that illegal mining activities consume 2,000 megawatts of power. Go to Source Powered by WPeMatico
The total market cap of public crypto stocks has quadrupled since January
The combined capitalization of publicly-traded crypto stocks surged from roughly $25 billion in January to around $100B today. Go to Source Powered by WPeMatico
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An official from the Iranian … Read more
China mining shock may not be over yet, experts suggest
Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window. Go to Source Powered by WPeMatico
Belarus president Lukashenko calls on state to mine cryptocurrency
Belarus has lots of abandoned industrial sites that could be used to generate revenue through cryptocurrency mining, the Belarusian president said. Go to Source Powered by WPeMatico
Genesis Digital Assets Acquires 20,000 Bitcoin Mining Rigs From Canaan, Company Has Option to Buy 180K More
The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also has the option to purchase an additional 180,000 … Read more